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Home My WebLink About2011 12-12 EDAP Regular Session EDA MEETING City of Brooklyn Center December 12, 2011 AGENDA 1. Call to Order —The EDA requests that attendees turn off cell phones and pagers during the meeting. A copy of the full City Council packet, including EDA (Economic Development Authority), is available to the public. The packet ring binder is located at the front of the Council Chambers by the Secretary. 2. Roll Call 3. Approval of Agenda and Consent Agenda —The following items are considered to be routine by the Economic Development Authority (EDA) and will be enacted by one motion. There will be no separate discussion of these items unless a Commissioner so requests, in which event the item will be removed from the consent agenda and considered at the end of Commission Consideration Items. a. Approval of Minutes 1. October 24, 2011 —Regular Session 4. Commission Consideration Items a. Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5919 Xerxes Avenue) Requested Council Action: —Motion to approve resolution. b. Resolution Authorizing the Acquisition of Mn/DOT Excess Right of Way to Promote Economic Development Opportunities (Former Denny's Restaurant Site) Requested Council Action: —Motion to approve resolution. C. Resolution Approving the Final Budget for the City of Brooklyn Center Economic Development Authority for Fiscal Year 2012 Requested Council Action: —Motion to approve resolution. 5. Adjournment • � i i i EDA Agenda Item No. 3a i i i MINUTES OF THE PROCEEDINGS OF THE • ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF BROOKLYN CENTER IN THE COUNTY OF HENNEPIN AND THE STATE OF MINNESOTA REGULAR SESSION OCTOBER 24, 2011 CITY HALL — COUNCIL CHAMBERS 1. CALL TO ORDER The Brooklyn Center Economic Development Authority (EDA) met in Regular Session called to order by President Tim Willson at 8:22 p.m. 2. ROLL CALL President Tim Willson and Commissioners Carol Kleven, Kay Lasman, and Dan Ryan. Also present were Executive Director Curt Boganey, Director of Business and Development Gary Eitel, Assistant City Manager /Director of Building and Community Standards Vickie Schleuning, City Attorney Charlie LeFevere, and Carla Wirth, Timesaver Off Site Secretarial, Inc. • 3. APPROVAL OF AGENDA AND CONSENT AGENDA Commissioner Ryan moved and Commissioner Lasman seconded approval of the Agenda and Consent Agenda, and the following item was approved: 3a. APPROVAL OF MINUTES 1. October 10, 2011 — Regular Session Motion passed unanimously. 4. COMMISSION CONSIDERATION ITEMS 4a. CONSIDERATION OF GRANT APPLICATIONS FOR ENVIRONMENTAL INVESTIGATION AND PREPARATION OF A DEVELOPMENT RESPONSE ACTION PLAN FOR THE LIFE TIME FITNESS SITE LOCATED AT 4001 LAKEBREEZE AVENUE (FORMERLY NORTHWEST RACQUET CLUB SITE) Director of Business and Development Gary Eitel introduced the item by displaying a slide depicting the subject 7.9 acre site and explained Real Estate Recycling has an option to purchase the Life Time Fitness site. He used site plans to point out the pattern of drainage across the site, noting that as part of their initial soils testing and environmental investigations, a chemical which • exceeds the MPCA standards was found. 10/24/11 -1- DRAFT Mr. Eitel stated this will be similar to other cleanup applications with the City acting as the • applicant and the developer conducting studies, incurring the costs, and being reimbursed by the City. There are no direct costs to the City except processing the refunding application and issuing refund checks. Mr. Eitel used a slide to point out the location of three buildings reflecting a successful redevelopment project that added $25 million of tax capacity. It was acknowledged that once TIF District 4 is decertified, all of the buildings will be on the tax base. President Willson stated his support, noting this is the same organization working on the Howe Fertilizer site. 1. RESOLUTION NO. 2011 -27 AUTHORIZING THE SUBMISSION OF A GRANT APPLICATION TO THE METROPOLITAN COUNCIL FOR THE TAX BASE REVITALIZATION ACCOUNT (LIFETIME FITNESS SITE) Commissioner Lasman moved and Commissioner Ryan seconded adoption of RESOLUTION NO. 2011 -27 Authorizing the Submission of a Grant Application to the Metropolitan Council for the Tax Base Revitalization Account (Lifetime Fitness Site). Motion passed unanimously. 2. RESOLUTION NO. 2011 -28 AUTHORIZING THE ECONOMIC DEVELOMENT AUTHORITY OF BROOKLYN CENTER, MINNESOTA • TO APPLY FOR CONTAMINATION CLEANUP GRANT FROM THE MINNESOTA DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT (LIFETIME FITNESS SITE) Commissioner Ryan moved and Commissioner Lasman seconded adoption of RESOLUTION NO. 2011 -28 Authorizing the Economic Development Authority of Brooklyn Center, Minnesota to Apply for Contamination Cleanup Grant from the Minnesota Department of Employment and Economic Development (Lifetime Fitness Site). Motion passed unanimously. 5. ADJOURNMENT Commissioner Ryan moved and Commissioner Lasman seconded adjournment of the Economic Development Authority meeting at 8:30 p.m. Motion passed unanimously. • 10/24/11 -2- DRAFT �I I EDA Agenda Item No. 4a • EDA ITEM MEMORANDUM • DATE: December 12, 2011 TO: Curt Boganey, City Manager FROM: Gary Eitel, Director of Business and Development I L SUBJECT: Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5519 Xerxes Avenue) Recommendation: It is recommended that the Economic Development Authority consider approval /adoption of a Resolution Authorizing the Acquisition of Property in Connection with the Remove and Rebuild Program (5519 Xerxes Avenue N). Background: On January 12, 2009, the EDA adopted Resolution No. 2009 -02, A Resolution Establishing Housing Programs and Approving the Use of Funds from Tax Increment District No. 3 Housing Account, which authorized the Remove and Rebuild Program. On October 26, 2009, the EDA adopted Resolution No. 2009 -17, A Resolution Authorizing Staff • to Acquire Certain Foreclosed Homes within the City and to Execute All Instruments and Contracts Relating Thereto. The EDA's guidelines for acquisition of foreclosed properties include the following: • Properties must be registered as vacant. • Properties would be purchased either with TIF funds or federal Neighborhood Stabilization Program (NSP) funds. • The property would be determined to be blighted as defined by the Minnesota Housing Finance Agency in its application to the Department of Housing and Urban Development (HUD) for NSP funding. • The purchase price could not be more than 65 percent of Hennepin County's latest Estimated Market Value for the property and could not exceed $80,000. • Prior to the acquisition of property, staff would conduct a due diligence investigation to protect the EDA's interest with regard to purchase of the property. • The authority to acquire property under the terms of the resolution would expire in 12 months from the date of its passage. On March 14, 2011, the EDA adopted Resolution No. 2011 -05, A Resolution Reauthorizing EDA Resolution 2009 -17 Providing Authority to Staff to Acquire Certain Foreclosed Home within the City and to Execute All Instruments and Contracts Related Thereto. On September 12, 2011, the EDA adopted Resolution No. 2011 -20 (Resolution Approving • Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 Housing Account). This resolution also provided for the continuation Mission: Ensuring an attractive, clean, safe coimnunity that enhances the qualih' of life and preserves the public trust EDA ITEM MEMORANDUM of the Remove and Rebuild Program, a program which enables the acquisition and removal of • blighted, distressed and unmarketable foreclosed properties. Proposed Acquisition: The subject property is a vacant foreclosed home that was registered as a vacant property on October 28, 2010 and re- registered as a vacant property on November 4, 2011. The property was listed for $29,900 based on the current condition of the home which included the following factors: - Water damage and extreme mold /air quality issues within the basement The property is an interior lot with 75'of frontage on Xerxes Avenue and 135' of lot depth. The tax records indicate that the residence was built in 1955. The 2011 property tax value is shown at $116,400. Bldg. Value $74,100 Lot Value $42,300 A special assessment search indicates the following charges have beer. levied. The purchase agreement provides for the Seller to pay these assessments at the closing. - Delinquent Utilities — 2011 $532.32 - Nuisance Abatement — Spring $290.00 • Based on the condition of the property, it is the recommendation of staff that the buildings are demolished and the lot is redeveloped for a single family residence. BUDGET ISSUES: The costs associated with the acquisition, demolition, and property maintenance costs pending its redevelopment will funded through the Housing Account of Tax Increment District No. 3. The estimated cost of demolition and site restoration is approximately $15,000. The TIF 3 Housing Fund has approximately $935,000, available for new housing initiatives. Additionally, the Housing Fund is scheduled to receive $250,697 in 2011 and is projected to receive approximately $355,000 a year in 2012 for the duration of the district. Tax Increment District No. 3 is a 25 year Redevelopment District that is scheduled to expire in 2021. Council Goals: Strategic: 1. We will stabilize and improve residential neighborhoods • Mission: Ensuring an attractive, clean, safe conununitp that enhances the quali(y of life and preserves the public trust • Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF PROPERTY IN CONNECTION WITH THE REMOVE AND REBUILD PROGRAM. (5519 XERXES AVENUE) WHEREAS, on January 12, 2009, the Economic Development Authority in and for the City of Brooklyn Center, Minnesota (the "EDA ") adopted Resolution No. 2009 -02 establishing housing programs and approving the use of funds from the Tax Increment District No. 3 housing account; and WHEREAS, pursuant to EDA Resolution 2009 -02, one of the housing programs so established was the EDA's Remove and Rebuild Program (the "Program ") to acquire demolished, blighted, distressed, and unmarketable properties to be returned to uses compatible with the neighborhood; and WHEREAS, on March 14, 2011, the EDA adopted Resolution No. 2011 -05, A Resolution Reauthorizing EDA Resolution No. 2009 -17 Providing Authority to Staff to Acquire Certain Foreclosed Homes within the City and to Execute all Instruments and Contracts Related • Thereto; and WHEREAS, on September 12, 2011, the EDA adopted Resolution No. 2011 -20, A Resolution Approving the Continuation of Certain Housing Programs and Reauthorizing the Use of Funds from Tax Increment District No. 3 housing Account; and WHEREAS, real property located at 5919 Xerxes Avenue (the "Subject Property ") is a vacant and Fannie Mae foreclosed property listed for sale at a price of $29,900; and WHEREAS, the subject property met the guidelines established by EDA Resolution No. 2011 -05 and a purchase agreement in the amount of $29,900 has been entered into to acquire this property through the City's Remove and Rebuild Program. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority in and for the City of Brooklyn Center, Minnesota, as follows: 1. The purchase of the Subject Property is hereby confirmed and staff is directed to proceed with the demolition of the residence at 5519 Xerxes Avenue. December 12, 2011 Date President The motion for the adoption of the foregoing resolution was duly seconded by commissioner and upon vote being taken thereon, the following voted in favor thereof: • And the following voted against the same: Whereupon said resolution was declared passed and adopted. • I 60TH AVE N City of Brooklyn Center • S�i.13 gggg 5318 5949 5948 5449 5948 5949 5418 S_y2 YA3 5942 5943 5942 5413 5IN12 5943 5942 22 5936 5937 59, 5937 5936 5937 5930 5937 22 5934 5931 59?0 5931 5930 5437 z 5234 5931 22 z z w z 5 w y a z a 5924 5925 Y 5424 5925 w 5924 5925 = 5924 5925 4 m O x _ 5418 5915 5418 j X6919,%% 5918 5279 5918 5919 22 'lf�i�• :: i 5912 5413 5912 5913 5912 5913 5912 5913 22 5406 5907 5906 SY7 SJ.6 W, 5906 7 5 04 59 5901 5 3 5931 5900 L901 5903 5937 6 59TH AVE N 6112 5817 5842 5811 M-37 6&13 5642 5843 6812 Sd3G 5835 5236 5835 58-u, 5837 51136 5837 5836 • 5625 IJy ^-- n- -�,`r� l `G L 'kf l �'AYp 5901 A1y a �clvin ArcA1s C1YrT�$��CI LOGIS c/5:015 0 z41 ri P PID:0311821110116 BR 5919 Xerxes Ave C ENT ER Brooklyn Center, MN 55430 p • A s , AO Sk. t •, f� f 1 ' ' i ■ r A ' ��,�� r•�� -she ._ � , � � � � t _ _ , ` � � - y �` ,1 ` ate - `, i � � - _ � _ � �� _ _ _ - 'JA.. � .. _ F .. �� IQR4 y- F{ i � .. �. �. .. --- - �.. „rr._ ,: '" .-- _, �� sir- �' _. ._ .._ ,_.. �' � t' .�,�. �. . ,, � _�� ,� �' � �� .� . .- ,... NorthstarMLS Matrix Page 1 of 1 5919 Xerxes Avenue N, Brooklyn Center, MN 55430 MLS Number: 4103692 • r ' 14 R L' g . a i i r http: // matrix.northstarmis.com/ Matrix /Public/PhotoPopup.aspx ?tid =1 &mtid =l &L =1 &ke... 11/30/2011 0 1 NorthstarMLS Matrix Page 1 of 1 5919 Xerxes Avenue N , Brooklyn Center, MN 55430 • MLS Number: 4103692 y t u� i ,jpJR r r' a http: / /matrix.northstarmis.com/ Matrix /Public/PhotoPopup.aspx ?tid =1 &mtid =l &L =1 &ke... 11/30/2011 NorthstarMLS Matrix Page 1 of 1 5919 Xerxes Avenue N, Brooklyn Center, MN 55430 MLS Number: 4103692 • • al �; � �T a 1. 4• „ji ' tea. - �� • ' :�oYl�►• � s'. J r' i • http: // matrix.northstarmis.com/ Matrix /Public/PhotoPopup.aspx ?tid =1 &mtid =l &L =1 &ke... 11/30/2011 5919 Xerxes Avenu EDA Meeting - City Council December 12, 2011 5919 Xerxes Avenue �Inr Generally located on the west side of Xerxes Avenue, mid-block between 60th Avenue N. and 59t" Avenue N. Interior lot — 10,125 sq. ft. 75-ft. of [effective] frontage on Xerxes Ave. with 135-ft depth Currently avacant/foreclosed residence • Tax (assessed) Value = $116,400 Delinquent Utilities — 2011 = $532.32 Nuisance Abatement — Spring 2011 - $290.00 Property listed for $29,900 — resolution proposes to purchase subject property for said amount (minus delinquent utilities and abatement fee) 5919 Xerxes Avenue Nora January 12, 2009 — EDA adopts Res. No. 2009-02 — establishing Housing Programs and approving use of funds from Tax Increment Financing District No. 3 — Housing Acct. October 26, 2009- EDA adopts Res. No. 2009-17 authorizing City Staff to acquire certain foreclosed homes within the City and to execute all instruments and contracts related thereto March 14, 20111 - EDA adopts Res. No. 2011 -05 , which reauthorized Res. No. 2009-17 September 12, 2011 — EDA adopts Res. No. 2011 -20, which approved the continuation of certain housing programs and reauthorized the use of funds from TIFF District No. 3 — and also provided for the continuation of the "Remove and Rebuild Program" — which enables the acquisition and removal of blighted, distressed and unmarketable foreclosed properties AGGCTr"E N ZE NITH AVE N YORK AVE N XERXES AVE N e ` \ � } \ \ \ § -WA -N - 9HBLIRAVEN ■ U5 VI NfCE Nry AVE N % 11-11.AVE 4 A _ . Z>�y t y �qc. ZR r'vl �5 �,- i,��l++ ., ,. .. � ��^ b _� - # e � a� jj A� � �� i i a 1" � li li�ii iyf � �i 'M I III' I� ill.I i��a+ ii �,i. i I��;�� ' r` I' � { { it 1 I Itt��i�'+ I�itt��ttrt d Illlltrit��. ' Iji�ljlj�jl itli �til!ltill! ��.. lillllllli t�l�l�ijl�l r 'k��, �� liillitilll � � � 111111111 � � "�� '� 11111 � illitllllttl a F�+f' A�"'. iiillliilil ` °� I�t�i�lll� ��1 i ; f Y�� t. il!!!i �i it �� ' �. \� �. ' i <,� •� ..tr? f �� ;,i f. i r':, _ 4 '0. '+�"` ,� �" t ,�. `y�`i`•s„�!� i ~` �,y I I; ►fig.. ; � f 55-I 5919 Xerxes Avenue N , Brooklyn Center, MN 55430 MLS Number: 4103692 M f R r t � > w.. y� � a 5919 Xerxes Avenue N , Brooklyn Center, MN 55430 MLS Number: 4103692 k k . m tip Ilk Yp go x fi + t 5919 Xerxes Avenue N , Brooklyn Center, MN 55430 MLS Number: 4103692 i . e ti I t EDA Agenda Item No. 4b 1 • EDA ITEM MEMORANDUM • DATE: December 12, 2011 TO: Curt Boganey, City Manager FROM: Gary Eitel, Director of Business and Development r ��- SUBJECT: Resolution Authorizing the Acquisition of MnDOT Excess Right of Way to Promote Economic Development Opportunities. (Former Denny's Restaurant Site) Recommendation: It is recommended that the Economic Development Authority consider approval /adoption of the Resolution Authorizing the Acquisition of MnDOT Excess Right of Way to Promote Economic Development Opportunities. (Former Denny's Restaurant Site) Background: The Minnesota Department of Transportation (MnDOT) has offered to convey to the City of Brooklyn Center the western portion of the former Denny's Restaurant Site that has been identified as excess right of way from the Highway 100 and France Avenue interchange improvements. • This 55,345 sq. ft. parcel was appraised by MnDOT and offered to the City in 2008 for the amount of $108,300 or $1.96 per sq. ft. Attached for your reference is a copy of the offer and sketch of the excess right of way. The adjoining property to the west, the former Northwest Racquet Club site, was acquired by Life Time Fitness and demolished in July of 2007. This 7.39 acre commercially zoned parcel has an assessed value of $1.2 M, which is approximately $3.71 per sq. ft. The Life Time Fitness property is being marketed by NorthMarq Real Estate as a commercial /industrial site and is presently under contract to be sold to Real Estate Recycling pending their environmental reviews, a comprehensive plan amendment, and approval of industrial development plans. Proposed Acquisition: The purpose of this acquisition is to facilitate the future planning and the redevelopment of this excess R.O.W. parcel with the 7.39 acre adjoining vacant commercial property, former Northwest Racquet Club. Attached for your reference are copies of the following: the 2006 aerial photo which shows the location of this excess right of way its • relationship to the former Northwest Racquet Club Site, Mission: Ensuring an attractive, clean, safe conununity that enhances lite quali4 of life and preserves the public trust EDA ITEM MEMORANDUM the 2009 aerial photo which outlines the combined area of approximately 8.66 acres • of available land for redevelopment, and Exhibits provided by MnDOT on the configuration of the Excess Right of Way. Budget Issues: The purchase of this property is an eligible expenditure from Tax Increment Financing District No. 2 per the August 8, 2011 EDA budget amendment which enabled the use of the 2011 Tax Increment to fund the following eligible tax increment activities: - $150,000 for the Brooklyn Boulevard Corridor Transportation Study, - $350,000 for property acquisitions, - $170,000 for public improvements, including intersection improvements, street lighting, and streetscaping, and - $60,000 for other EDA authorized Transportation/Land Use Studies. With this acquisition, the EDA will have the opportunity to increase the development potential of the Life Time Fitness Site; the option to convey this property for an EDA approved development; and reimburse the TIF 2 Account for other economic development opportunities. Council Goals: Strategic: 2. We will proceed aggressively with implementation of City's redevelopment plans • Ongoing: 2. We will ensure the financial stability of the City • I Mission: Ensuring an attractive, clean, safe conununity that enhances tlee tluali4- of life and preserves the public trust • Commissioner introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION AUTHORIZING THE ACQUISITION OF MnDOT EXCESS RIGHT OF WAY TO PROMOTE ECONOMIC DEVELOPMENT OPPORTUNITIES (FORMER DENNY'S RESTAURANT SITE) WHEREAS, the Brooklyn Center Economic Development Authority, Minnesota has hereto established Housing Development and Redevelopment Project No. 1 and in 1985 established Tax Increment Financing District No. 2 as a redevelopment district to remedy conditions of economic obsolescence, physical blight, underutilization of land, extensive soil corrections which the private sector has not been willing or able to accomplish and correction of numerous traffic hazards and pedestrian conflicts; and WHEREAS, In 1994, the district's project area was enlarged to include the geographic boundaries of the city and the following additional objectives were added: • To enhance the tax base of the City. • To provide maximum opportunity, consistent with the needs of the City, for • redevelopment by private enterprise. • To better utilize vacant or undeveloped land. • To attract new businesses. • To acquire blighted or deteriorated residential propriety for rehabilitation or clearance and redevelopment; and WHEREAS, on August 8, 2011, the EDA amended the Tax Increment Financing Plan for Tax Increment Financing District No. 2 which enabled the use of the 2011 Tax Increment to fund the following eligible tax increment activities: - $150,000 for the Brooklyn Boulevard Corridor Transportation Study, - $350,000 for property acquisitions, - $170,000 for public improvements, including intersection improvements, street lighting, and streetscaping, and - $60,000 for other EDA authorized Transportation/Land Use Studies; and WHEREAS, MnDOT has offered the reconveyance of the excess right of way, referred to Reconveyance No. 2011 -0038, the remainder of the former Denny's Restaurant Site, a parcel of land comprising 55,345 sq.ft. for the appraised amount of $108,300; and WHEREAS, the development of this 1.27 acres in conjunction with the redevelopment of the 7.39 acre Life Time Fitness Site will maximize the utilization of this land • and enhance the tax base of the City. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority • in and for the City of Brooklyn Center, Minnesota, as follows: 1. That the City Manager is authorized to proceed with the acquisition of MnDOT's Excess Right of Way from the State Highway 100 and France Ave. interchange (former Denny's Restaurant Site) for the appraised value of $108,300. December 12, 2011 Date President The motion for the adoption of the foregoing resolution was duly seconded by Commissioner and upon vote being taken thereon, the following voted it favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. • LvU131Viap UULPUI rage rage 1 of i • LU El C W a a 0 -- o h� M 4� �� HAKE BREEZE AVE 4 lee g.. 0 48TH AVE N p � a m m qq v LAKESIDE AVE N 100 .N• 4 A p S. 47TH AVE N 4� Yepdedeel w;95 AccTAS•Cgryxi�l�CF LOCd5 Giu 27G5 �-� � 0 31311 Fi Excess M n DoT Right of Way ( former Denny's Restaurant Lot) • - — — _1111111 I L!I A n,At I!,�I :tt . I � !11.1 Itll � ! . JtIIIINl1 11 � � li 1I i ii!i i� tllll I.IIIi;W 70:kti it , II HiIii; 1, I1, 1114 IIh9", "nill Ii1�M" il�" MITI"�!!!I!!�If{!I!!nf'I ^Iniigl ilr I!!Pr "C�i "iil';II' III "Illjll'll fllllll�ll! 1111111! Illill! IilClll! II! Illililll! IIIIIIIII! IINII! IIIiIIIJ!! Illllllllll !IIIIIII�d�iI11I1�1.�.'1 L ' 2oo6 Aerial 1 •C1 H I r., g ie'r i .r i tr��Pl r1 € `' I Er � r Ft i r l I i riKit ILr i f K - 2009 A eria l Z iJ :.r .. �• '�"� /tl �,e �'�ltibb't111�� f' � : -I1 fi � s ^� � 'A i l S IP __ •w ry. _ _ _ ��u,:� o .yr r Site demo'd in 2oo8 RECON 2011 -0038 r 41 m� C.S. 2755 (100 =212) 901 I ®� PARCEL 207, 55345 SO FT TOTAL PERMANENT DRAINAGE AND WALL MAINTENANCE EASEMENT 1,322 SO FT F N A C IBIT N A D ILEMAPF32- 31 FROM I TO DISTA CE(FT A )AZIMUTH 88 B9 337.74 359 °18'51" — ?r *�?� tom✓ �Q / B9 R1 131.00 120 °07'12" J �Q - -- — L� �{� R1 R2 121.95 131 °54'46" R2 R3 36.98 159 0 16'25" fl ® R3 R4 37.02 174 1 16'01" } L - — — — — — — RA R5 39.03 193 I fl of R5 R6 33.68 193-55'43" R6 R7 66.89 220'22'39" R7 B7 6.25 270 °53'36" °J :A BREEZE AVENLe N. ? * * 67 Ra 13.19 270 °53'36" * - RB B8 136.55 270 °53'36" B11 — � B POINTS EASTADL ISHED ON MN /DOT RIGHT OF WAY PLAT 27 -125 f? o RECONVEYANCE AREA = 55345 SO FT RI of of CJ I DALE J N ° o f 'k PERMANENT DRAINAGE AND m I° ' WF, INF D LOT 8, BLOCK I WALL MAINTENANCE EASEMENT �j K EEZE DDUPION / FROM I TO IDISTANCE(FT)l AZIMUTH DAVIES R2 / R5 R8 109.40 220 °22'39" UUJJ fl — I BLOCK 1 PAR 207/' R3 EASEMENT AREA = 1322 SO FT / fl� d�- - - - - -- 2ND q / I o f � 1 R4 / fl� ADDITION / R5 a €� i 15.46:` o 0 61, fl ° X 207 — B R8 ` ERMA NT D AI GE WAL AIN NA E A ENT J ,s� �/ F- CTI Ell I ti in c5D5 SQ i i P/ Ii' ", NCE EASEMENT 1 , 322 SQ FT ,�.; r, E r ! ,, NVEYA CE DATA ` 1, r �7M -0 CI ANCE (LT > AP f 1 r 33 gro4 -W T�� t ..'„ � -- - '! f 'l�'!•' +31 RI - 0 , �� p Avg R1 R2 9 R3 36. RI 3 or t : R 9i 52 7 7 z70° LA�EBREEZE AVENUE N. Re R8 PC G ED • RicxTi _izs� . '�.- 1, �. I t Y ,,.. _ DA ND WEST LINE OF L NIQ �qV A S IAKEBBEEZE AD C [STANCF_(FT) AZIMUTH DA \- _E� 109, 0 39 PP BLOCK 1 PAR 207 E AR 22 S ,.: 2ND SO ". {` ADDITION Ix y � . r r ' - !•'• �:�- - '15.45 RC, ^ � � r `s47 . i.- 2D7= — :„„ i 4m I ,. •.- .a��. // � 'ms l� r, � :T - '. 1 Gary Eitel From: Geertsema, Michael (DOT) <Michael.Geertsema @state.mn.us> Sent: Tuesday, November 22, 2011 2:45 PM To: Gary Eitel Subject: Recon 2011 -0038 Attachments: R2011- 0038.pdf; R2011- 0038_photo.pdf Gary, I am sending you two pdf's of the proposed reconveyance of the old Denny's Restaurant site. I have assigned a new reconveyance number of Recon 2011 -0038 as the old reconveyance ( Recon 2005 -0135) was officially dropped in November of 2009. You may want to have the City Council prepare a City Resolution that states the city is willing to authorize the acquisition of the former Denny's Restaurant, I don't need this but Office of Land Management (OLM) may ask for it. I have reviewed the previous file and will need to send the new file to our Office of Land Management (OLM) to have the legal description re- written for the Quit Claim Deed (QCD) as part of this parcel is Torrens being registered as Certificate of Title No. 755456. The new legal description needs to make reference to Certificate. If the County does not accept the QCD the City will need to prepare a Registered Land Survey for this reconveyance as OLM has set a policy that the requestor needs to perform this task. If you have questions feel free to call. Michael Geertsema Engineering Specialist Reconveyances MnDOT Metro Right of Way 651 - 234 -7581 michael.geertsema(@state.mn.us Former Northwest Athletic Club ( a / k / a Lifetime Fitness ) Redevelopment Site Brooklyn Center EDA Meeting December 12, 2011 4001 Lakebreeze Avenue Location Map LOGISMap Output Paqe { t-- i } .:187 AVE N -,{�' 5197 AV[Y ...,., i .. ... �jF�r, *.....I ' 1S1aT AVGN ............. m Z -- - �.. EOiH AYFN L m former NW -- d _ Athl W - } < � 49TH A Ir 5 Club - t f � I J LAKE s"LQ1 AV_.___ ti m .�IT- �AVCN - —. LAKEN L+E AVE V >` vso>:ewm,�.w5 cey.+�;cl.wv uaeus V 97211 Toro Baker Fumiture Caribou Coffee 7H�Q.J _� I . y —tea,,,_,�-..—r`a �.•' 11 �. .� ,. Ornginai Parce f Limits 1� , 3 f R I ... A `. excess MnDOT R-O-W (1.27 acres) LAKESIDE AVE N ,�. O r �• � " rtv #�II� ;. SOy / of � �•�; "�� fmr. NW Athletic Club site ° ``' ►� " (7.39 acres) 40 f .� ray' +► rte✓* t low- err, r f I 2oo6 Aerial F it ptF y. �'►} # w of INS - F111,I 2 o o 9 Aerial iAL .r r f : 194''#•, UP K &ALA7 Rt , w � l < i .,J J Site demo'd in 20o8 RECON 201 '-0038 • �� C.S. 2755 (100=212) 901 ♦� PARCEL 207, 55345 SO F` TO"AL p PERMANENT DRAINAGE AND WALL VAINTENANCE EASEMENT 1,322 SC FT RECONVEYANCE EXHIL'IT RECONVEYANCE DATA FILE NAP F 32-31 r FROM 1 70 OIS"ANCEIFTt AZIMUTH L 36 89 33 ,74 ]59°:�'St" L-V12.1='!�E'_ con Z-j-qw� 89 R 17D^C7'17 Ri R2 17:.95 I51°54'46" I � ♦ ?2 R3 36.96 759 1:6125" Q Ra 0.4 s'.J7 774+:6 "n a4 R5 39.x: 133°55'43" Rd 33.68 7 91 55 43 R6 Rl 65.84 220°22'39" ?? D� 6.25 279°53'36" d LAKEBREEZE bvEaAl! Q �kyC^ yr RR �s.i F �r,rr.s .sF _- Re Be 136.55 270 153'36" •* Bit I P03NTS[ASTAKESKO OR MN/WT RIGHT Of *AT PLAT 7T-.M d RECONVEYANCE AREA - 55345 SO FT aA�� Rl N d d 6WALL jNENT DRAINAGE AND ♦ ��YY „D K LOT A. MoC. f MAINTENANCE EASEMENT TO OISTANCE;FT 1 A WJTH OAVIES R2 1 .40 19.9 34 �• -, f; BLOCK 1 PAR 207 R3 � EASEMENT AREA 1322 SO FT g� d�;---------�� 2Nd ,OR4 ADDITI , S dP 9 'EF2LIA T AI E Q. � BT r RaL aI °' NA CE a ENT ♦ ♦f ��L�'i d dd � ( C_- - LL / � Q 3. I• �r r T Mn r:7.. 1 r.•, NCE EASEMENT 1_.322 SG FT ' M 'tEC0NvE"A E GAT'. OY K To F aBF 89 p 1 i I F I I iA f l i p R W 12•.',5 A-'s6 .d :;21 R3 `1 R4 't °16'04 �.F11F1�1f! let f Wo"H,�fl ft ^` ,a 39 t s'a R6 I -22U-2jNfiZ -N- -- :• ► ' � `b� t!�!'1�fi1[t `7 25 270'9 LA EHREEZE AVEN.-E i. " �' ' '7 ? ?Q 270 053 " 4a 59 .55 210°53 1 ," `-• 7 '7 r' r�Z- _. _ --,_ �1! _ A P HTS ELS-6?f ,HE7 �4 T P.I�HT OF SAY PL -;?5� CON"EY d�E AR 55345 SQ DALE N1 \ RI•+A`F\li RAINAGE..ANQ .EST LINE of LCT e, st' x 1 LL '0AIv-ENANCEj jWSE?-dEfNT LAKE@-EEZE AouIttQr DAMES TC 0l5f .l,-_-E(FTj AZIMUTH BLOCK 1 PAR 207 2ND ' r 4 \� r r ADDITI N # , 6 1,Le "I 4'�r ..�'«/�:,+`�^14R "sa ' 'fit_+�: �'�� •• �^ - ..a �i. "1�111 d li p t Phase! iYVaaner Spray,Supply Tech _ " - �� - A�•� •�� 11 -� Phase II t �'•�.,, f .. ahe3.�,'i�.t�t't11fN slr�sl # /i� •i ..R, ITormSaker Fumy 1 �I ,-•y,,,,,,,� 1 Phase Il! 3 !Caribou Colleey 4* ' { i r � i ..•sr aNfi •1 � d-, a t in.,tl. N-tt .nr t / ">� i �: \� t " •a ,. 'W � .a 1 ..wnM'a.r, t . rtt t ttt.�i��'tt Itl•r�i..r ,/ �,i/ ,�.�ar� � ��, ` .ter. s _ Bur�l.7FA 'r . 1pi .'` Cu.- ew.sr 4' 9?^w ••••yy��,,��'a a,.d �3" '« .;•. e�4 liw ^ MnDOT / ry': ' A4 e 4 'i ` A" is _ PROPERTY INFO AREA:Northwest Athletic Parcel= 7.4 acres MnDOT(excess)Parcel-1.27 acres ZONING: 7 i . ! G:C-2 Commerce XVE` "`? -J0 - 't. ADDRESS: 4001 Lakebreeze Avenue North PID:11-011-82-13-10-029 > OWNER: LTF Real Estate Company.Inc. w 2902 Corporate PI C yr Chanhassen.MN 55317 Combined im site 8.66 acres The acquisition of this MnDOT Excess Right-of- Way provides the EDA with an opportunity to increase the development potential of the former Northwest Athletic Club (Lifetime Fitness) site. • The purchase prices of $ lo8,300 is an eligible expenditure from Tax Increment Financing District No. 2 EDA Agenda Item No. 4c s City of Brooklyn Center EDA Agenda Item Memorandum TO: Curt Boganey, Executive Director FROM: Daniel Jordet, Assistant Treasurer DATE: 6 December 2011 SUBJECT: 2012 Economic Development Authority Budget Recommendation: It is recommended that the Commissioners of the Brooklyn Center Economic Development Authority adopt the attached resolution establishing the operating budget for the 2012 fiscal year. Background: The HRA adopted a preliminary resolution for property tax levy payable in 2012 • while the EDA adopted a preliminary 2012 budget on 12 September 2011. That levy was based on the extension rate of 0.0185% of taxable market value. It produced a preliminary levy of $ 302,288. Those funds are transferred from the HRA to the EDA for operations. In addition, the EDA Fund is expected to earn about $ 5,000 of interest revenue in 2011. The total EDA revenue budget is proposed at $ 307,288. Against those revenues, the EDA expenditure budget includes two and one half FTE staff, various legal and professional services, dues to 6 organizations promoting economic development and one half of a support staff position. Total expenditures are projected to be $ 350,534. Financial Impact: The result of the budget is excess expenditures over revenues of $ 43,246. This amount would be obtained from the cash balance in the EDA Fund built up over prior years of excess revenues, if the budget is adopted. • Member introduced the following resolution and moved its adoption: EDA RESOLUTION NO. RESOLUTION APPROVING THE FINAL BUDGET FOR THE CITY OF BROOKLYN CENTER ECONOMIC DEVELOPMENT AUTHORITY FOR FISCAL YEAR 2012 WHEREAS, the Economic Development Authority of City of Brooklyn Center has considered the final budget for Fiscal Year 2012. NOW, THEREFORE, BE IT RESOLVED by the Economic Development Authority of the City of Brooklyn Center, Minnesota that revenues and appropriations for the Economic Development Authority for the 2012 fiscal year are hereby adopted as follows: Economic Development Authority Revenues Other Financing Sources $ 307,288 Total Economic Development Authority 307 288 Appropriations • EDA Operations $ 350,534 Total Economic Development Authority 350 534 December 12, 2011 Date Chair The motion for the adoption of the foregoing resolution was duly seconded by member and upon vote being taken thereon, the following voted in favor thereof: and the following voted against the same: whereupon said resolution was declared duly passed and adopted. •